The Best Bank In America

Wow, tell me that you are kidding.:D

LM2011, is that your BofA employee number? You can not be serious!  This is the bank that promised me a $25.00 bonus around Thanksgiving of 2010. Five phone calls later, I got finally got the "big" bucks just after St. Valentine's Day. That was what made me decide to close my credit card with them and if they slap me with a monthly fee on my My Access Checking, I'm through with them for good.

Of course, LM2011 doesn't give a single reason for his/her hyperbolic claim! Maybe it's the 0.05% interest rate on savings, or perhaps the myriad of fees, or the arbitrary credit card practices of BofA. I think would be better to be LM2011's enemy than friend if s/he refers friends to BofA!

LM2011 = trolling spammer with a paycheck from BoA.

LM2011 = LAUGH a MINUTE 2011

 if they slap me with a monthly fee on my My Access Checking, I'm through with them for good.

mrvirgo: I noticed that you have to keep at least $1500 to avoid an $8.95 monthly fee, and that's on a non-interest bearing account! Why would you even think of staying with BofA? Use the Checking Accounts rate table at this website to find something better. If you need a big, national bank, and there are branches in your area, Capital One has an interest-bearing checking account with no fees at all (if you can keep a $5000 balance, it pays 0.70% -- if not, at least it's free, though I think in that case there are probably better choices out there if you look hard enough). Even most credit unions pay interest on share checking accounts, and often do not require that much of a minimum balance. What possible reason do you have to stick with miserable BofA?

wonder how much does LM2011 get paid from BOA for posting this.

If you need a big, national bank, and there are branches in your area, Capital One has an interest-bearing checking account with no fees at all (if you can keep a $5000 balance, it pays 0.70% -- if not, at least it's free, though I think in that case there are probably better choices out there if you look hard enough).

 
Better if mrvirgo lived outside Capital One's branch service area.  Their Interest Online Checking rate is 1.01% w/ no min. balance, whereas within a service area Interest Checking rates drop to an abysmal .05% so not to compete with branch banking, but there's no min, no mo. fee, first check order free.  Even that puts BoA's 0.00% to shame, that is, for anyone not factoring spammer compensation earnings (LM2011) ;)

Better if mrvirgo lived outside Capital One's branch service area.  Their Interest Online Checking rate is 1.01% w/ no min. balance, whereas within a service area Interest Checking rates drop to an abysmal .05% so not to compete with branch banking, but there's no min, no mo. fee, first check order free.  Even that puts BoA's 0.00% to shame, that is, for anyone not factoring spammer compensation earnings (LM2011) ;)

Two reasons why I had suggested Capital One's Interest Checking (branch service area) to mrvirgo: (1) maybe he needs a branch network, which might be why he's keeping the account at Bank of America; and (2) as I stated originally, if he can keep a balance of $5000, Interest Checking does pay a competitve rate for a interest checking account. However, if the need for branch services is not an issue, CraigPD's is absolutely right that mrvirgo would be better off with Capital One's Interest Online Checking! Anyway, there is little reason to settle for a non-interest bearing account that makes you "jump through hoops" to avoid fees . . . at least not yet!

if he can keep a balance of $5000, Interest Checking does pay a competitve rate for a interest checking account.

Apparently CapOne has varying rates in different service areas.  In Tejas .05% is for all balance tiers.  Nothing like segmenting the market to ones advantage.

Apparently CapOne has varying rates in different service areas.  In Tejas .05% is for all balance tiers.  Nothing like segmenting the market to ones advantage.

Okay, CraigPD, I concede! I wasn't aware that Capital One has varying rates in different service areas. Here in the Northeast, the Interest Checking rises to 0.70% at the $5K tier. Still, the topic of this thread is BofA, which is about as miserable bank as one can find. My original post suggested using the Checking rate table here at DepositAccounts.com to find something better, and that is still good advice. Incidentally, another thread on BofA has a post from someone in Boston, who makes a case for the new BofA checking account as being the best of the major banks in that service area. If I were in Boston, and BofA was best that the area could offer, then I would definitely be looking for a credit union to join.